Revenue
1.1% of Montenegro's revenue
323 companies earned 195.35m€ in 2025, 1.1% of all company revenue in Montenegro. It ranks 14 of 25 municipalities by revenue. Revenue has grown 3.1× since 2015.
1.1% of Montenegro's revenue
24.9 per 1,000 residents · Montenegro 57.3
Largest employer: Donator (339)
Total profit: 12.27m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 62,433,657€ | 104 |
| 2016 | 71,672,567€ | 113 |
| 2017 | 81,419,211€ | 123 |
| 2018 | 89,768,113€ | 144 |
| 2019 | 90,274,168€ | 157 |
| 2020 | 82,213,301€ | 179 |
| 2021 | 92,756,736€ | 212 |
| 2022 | 120,944,039€ | 233 |
| 2023 | 137,297,598€ | 264 |
| 2024 | 156,695,982€ | 300 |
| 2025 (Preliminary) | 195,348,694€ | 323 |
† Tuzi became a municipality in 2018; earlier years show companies seated there today
Companies are assigned to the municipality of their current seat for every year
Growth is measured on the same companies, which filed for both years.
Share of municipal revenue
Share in MontenegroRevenue change vs 2024, companies with at least 1m€ that year
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 1–9 of 9
* Avg payroll cost per employee per month = wages, wage compensation and other personnel expenses from the income statement (AOP 211: net wages, taxes and contributions on wages including the employer's, and other personnel expenses) / employees / 12. It is not an employee's gross or net salary; reporting errors can move it significantly, and values below 300€ a month are not shown. How we calculate →
| Employees |
|---|
| Payroll cost/emp./mo* |
|---|
| 1 | Victory Trans03398536 · Transport & logistics | 0.7% | 1,293,552€ | +42.4% | 61,918€ | 4.8% | 3 | 450€ |
| 2 | R 102619741 · Transport & logistics | 0.5% | 1,033,312€ | -3.3% | 98,129€ | 9.5% | 11 | 1,854€ |
| 3 | Transedoo03642950 · Transport & logistics | 0.4% | 809,746€ | +90.9% | 41,150€ | 5.1% | 2 | 3,996€ |
| 4 | Montenegro Logistics03292509 · Transport & logistics | 0.1% | 251,202€ | -34.3% | 27,788€ | 11.1% | 3 | 1,004€ |
| 5 | Esko Tours02673096 · Transport & logistics | <0.1% | 91,643€ | +49.8% | 10,510€ | 11.5% | 4 | 530€ |
| 6 | Gloria Šped03534952 · Transport & logistics | <0.1% | 58,550€ | +185.9% | 1,210€ | 2.1% | 1 | 906€ |
| 7 | Energy Trans03735877 · Transport & logistics | <0.1% | 32,141€ | No filing for 2024. | 2,930€ | 9.1% | 3 | — |
| 8 | Alpe Co03689026 · Transport & logistics | <0.1% | 7,711€ | +2,487.6% | -2,069€ | -26.8% | 1 | 339€ |
| 9 | Iko Prevoz03673847 · Transport & logistics | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,617€ | — | 1 | 339€ |